Acadian Asset Management LLC trimmed its stake in shares of Childrens Place Inc (NASDAQ:PLCE) by 61.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,265 shares of the company’s stock after selling 184,962 shares during the period. Acadian Asset Management LLC owned 0.67% of Childrens Place worth $17,044,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of PLCE. Riverhead Capital Management LLC lifted its holdings in Childrens Place by 80.7% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after purchasing an additional 565 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Childrens Place during the third quarter valued at $171,000. Flinton Capital Management LLC lifted its holdings in Childrens Place by 70.0% during the second quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after purchasing an additional 784 shares in the last quarter. Shelton Capital Management purchased a new position in Childrens Place during the third quarter valued at $206,000. Finally, Advisor Group Inc. lifted its holdings in Childrens Place by 169.9% during the third quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock valued at $209,000 after purchasing an additional 1,113 shares in the last quarter.
A number of equities research analysts have recently commented on PLCE shares. Chardan Capital reiterated a “buy” rating and issued a $156.00 target price (up from $130.00) on shares of Childrens Place in a research report on Wednesday, January 10th. SunTrust Banks increased their target price on shares of Childrens Place to $157.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Telsey Advisory Group increased their target price on shares of Childrens Place from $140.00 to $164.00 and gave the company an “outperform” rating in a research report on Tuesday, January 2nd. BMO Capital Markets set a $130.00 target price on shares of Childrens Place and gave the company a “hold” rating in a research report on Tuesday, December 19th. Finally, BidaskClub upgraded shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $139.15.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The firm had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. During the same period last year, the business earned $2.29 earnings per share. Childrens Place’s revenue was up 3.4% compared to the same quarter last year. research analysts expect that Childrens Place Inc will post 7.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, December 12th. Childrens Place’s payout ratio is currently 22.70%.
About Childrens Place
The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.
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